Discusses about one of Australiaâ€™s largest listed companies Wesfarmers Limited and its performance. Also discusses about the financial standing of the company based on various ratios calculated. | Solution Library | Performance and Financial Standing of Wesfarmers Limited

Solution Library

Wesfarmers Limited had its origins in 1914 as a Western Australian farmers' cooperative. Wesfarmers has since grown into one of Australia’s largest listed companies with diverse operations covering supermarkets, department stores, home improvement and office supplies, coal mining, insurance, energy and fertilizers and industrial and safety products.

RESOURCES

Pages

Managing Directors' review 6–8

Income statement 68

Balance sheet 70

Cash flow statement 71

Notes to the financial statements 73–144

In addition to the above, the following information is extracted from the Wesfarmers Annual Report and provides the 2009 values for certain items. This information is needed to calculate some of the comparative ratios for 2010:

Item

2009

Value$ m

Shareholders' equity

$24,248

Total assets

39,062

Inventories

4665

Receivables

1893

Wesfarmers Limited's share price was $27.48 in 2010 and $31.85 in 2011

QUESTIONS

Question 1

Using the consolidated figures, calculate the following ratios for 2010 and 2011:

Short-term solvency or liquidity ratios

a) current ratio

b) quick ratio

c) cash flow from operations to current liabilities

Efficiency ratios

d) debtors' turnover

e) average days sales uncollected

f) inventory turnover

g) inventory turnover in days

Profitability ratios

h) net profit margin

i) interest cost as a percentage of sales

j) asset turnover

k) return on assets

For this assignment please use the following formula shown in Note ** to Table 14.1 in your prescribed text: (net profit + interest + income tax) ï‚¸ average total assets

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